How does the lottery work?
CryptoLotto uses your computer's processing power to solve problems known as hashes to generate a cryptocurrency known as Monero. The more hashes your computer solves, the higher your chances of winning.
How big is the pot?
Draws happen once 7 days have passed since the previous draw and at least 1 Monero (XMR) is in the pot. The pot currently contains 1.10e-01 XMR (33.00 USD).
Do I need to keep this site open?
To keep mining and increasing your chance of winning, you need to either keep this tab open or try the beta version of our Chrome extension to mine in the background.
How are winners chosen?
Winners are chosen randomly, but people who solve more hashes are more likely to win.
How is the amount in the pot determined?
Everyone contributing processing power adds money to the pot, so the more people involved in the game, the bigger the prize becomes.
Is this a scam?
No; this site makes money by taking a 10% cut of the pot.
To be as transparent as possible, sufficient details for each prize payment will be published to allow anyone to verify that the prize was paid. This verification can be done conveniently using Monero Blocks.
How much of my processing power does this use?
CPU is throttled at 70%, so as to avoid overloading visitors' computers. This will be made adjustable soon.
Why is there a warning when mining on mobile?
Mining is a CPU intensive task which can heat up your phone and adversely affect battery life - feel free to ignore the warning if this does not bother you.
How does this site work?
More details may be published later (perhaps a tutorial if people are interested), but the short answer is that it uses a combination of Google App Engine and Compute Engine to run the site, manage the wallet, select winners and store data.
Are any site improvements being considered?
Below are a few examples:
1 XMR = 298 USD
What is Monero?
Monero is a secure, private, and untraceable cryptocurrency. It is open-source and accessible to all.
How do I spend Monero?
Once you've won a prize, you can transfer your winnings from your wallet to a service that allows conversions to Bitcoin (such as Poloniex or ShapeShift) in order to convert it. Bitcoin can then be exhanged for regular currency on a variety of sites, such as Coinbase.
What is a cryptocurrency?
Cryptocurrencies are currencies that derive their security through cryptography. This means that they do not depend on a central authority, such as a bank, to verify or store them. Cryptocurrencies are stored in wallets that cannot be accessed without having some secret information about them which is available when they are created and must not be shared.
What is mining?
New Monero coins can be 'mined' by computers solving complex cryptographic puzzles; this lottery leverages visitors computers to solve such puzzles and then puts the winnings into a prize draw.
Can I use Monero for anything?
Yes, once you've won a prize, you can transfer your winnings from your wallet to an exchange (such as Poloniex) in order to convert them into Bitcoin. Bitcoin can then be exhanged for regular currency on sites such as Coinbase.
How much is Monero worth?
There are different prices depending on the exchange used, but here is a good place to check how much one coin is worth.
If you feel that this site needs more time and love put into it, consider donating to one of the addresses below:
If you feel like making the competition more interesting by donating directly to the pot, then use this address (this won't increase your chances of winning, but may draw in more users): 4B6VmALAS7Q59NrEwtv8EvCd6jynU6RgV4e97VoGBudmKyfChMM2oVkJan3RxE8nmrBgLJ2DHLVCn6hwJ6J3Fvkw3sL5K2X